Under Contract
Well Established Asphalt and Sealcoating Business with Repeat Clients
This locally owned and operated asphalt and sealcoating enterprise in Seminole County has thrived for over three decades, boasting a loyal clientele base and robust word-of-mouth referrals. Specializing in a range of services including asphalt repair, paving, sealcoating, curb and sidewalk repair, parking lot striping, and crack filling, the demand for their expertise remains consistently high. Catering to property managers, national chains, and local businesses alike, they are sought after for their professionalism and expertise. With a clientele encompassing a variety of commercial property types, the need for their services persists year-round, presenting ample opportunities for market expansion.
As the current owner approaches retirement, the business is primed for a seamless transition to new ownership. The seller is dedicated to facilitating this transition, offering support and guidance to the incoming owner. The sale includes approximately $250,000 worth of equipment, a robust pipeline of booked future jobs, and a seasoned, knowledgeable staff, ensuring a smooth handover and continuity of operations.
Ad#:2245042
Listed By: Tim Kleman
Background information
Reference:
4162-06002
Year established:
1988
Reason selling:
Retirement
Finance
Sales:
$827,254
Profits:
$233,401
Operations
Employees:
7
Equipment:
Included in asking price $250,000
Inventory:
Included in asking price
Premises
Facility:
The company currently has two industrial buildings totaling approximately 6,800 SF located on over a half acre in downtown Longwood. The property is surrounded by new high-end developments including luxury townhomes across the street and is ripe for redevelopment. The buildings are outfitted with two offices and a restroom and the property has a large fenced storage yard.
Location:
Longwood, FL
Opportunities
Growth:
Although a majority of their current business comes from repeat customers and word-of-mouth referrals, there are definitely options to grow though sales, advertising and marketing, which the company currently does very little of.
Price and terms
Price:
$485,000
Financing:
Partial seller financing available for a qualified buyer. The business should also be a good fit for SBA financing.
Training:
The seller is dedicated to the successful transition to the new owner. He will make all necessary introductions to clients and vendors. At no charge, the current owner will work side by side with the new owner for up to 30 days and will remain available to answer any questions that may arise over the next year.